RNA Disease Diagnostics, Inc. Takes Exclusive License to Cutting-Edge Molecular RNA Diagnostic Platform Technology from UMB and UMBC
BALTIMORE, Feb. 4, 2021 /PRNewswire/ -- RNA Disease Diagnostics, Inc. (RNADD) has secured an exclusive global license to a cutting-edge sensor technology jointly owned by University of Maryland, Baltimore (UMB) and the University of Maryland, Baltimore County (UMBC). RNADD's first product will be a rapid point-of-care (POC) COVID-19 test with accuracy, sensitivity, and specificity that is comparable to the gold standard RT-PCR lab diagnostic.
Dipanjan Pan, MSc, PhD and his teams at UMB and UMBC developed the sensor technology, which will be used to support RNADD's development and manufacture of proprietary molecular disease diagnostic testing kits, enabling the Company to quickly and accurately detect multiple infectious diseases, helping to lead to the prevention of their transmission and spread.
Prof. Pan, who holds a joint appointment between medicine and engineering at both UMB and UMBC and who also serves as a scientific advisor to RNADD, received two emergency notice of special interest grants from the National Institute of Biomedical Imaging and Bioengineering (NIBIB) in support of early development of the sensor technology. His development team includes Dr. Parikshit Moitra, Research Associate at UMB; Maha Alafeef, a Research Fellow at UMB; and Ketan Dighe, a Research Specialist at UMBC.
Allan Oberman, Co-Founder and Chairman for RNADD, said, "Licensing this promising sensor technology from the universities enables us to advance a diagnostic test that may serve as a future gold standard in accurate and rapid COVID-19 testing. Our hope is that this work contributes to public health as countries begin to reopen following the massive vaccination efforts designed to help with prevention."
The POC plasmonic COVID-19 test is currently under development for commercialization. The underlying technology is designed to accurately and affordably detect infectious diseases in less than 45 minutes.
"It's always very exciting to see innovative discoveries from our University system move into the private sector, especially when they can be quickly applied to help address critical medical needs, as is the case with this technology," said Phil Robilotto, DO, Director of UM Ventures, Baltimore. "We are delighted to have found such an excellent commercialization partner in RNADD for the development of Dr. Pan's very important technology."
About RNA Disease Diagnostics
About the University of Maryland, Baltimore and UM Ventures
About the University of Maryland, Baltimore County
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SOURCE University of Maryland Ventures; RNA Disease Diagnostics, Inc.